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A comment on The Rate of Return on Everything, 1870–2015 [pdf]. Parent comment
An Efficient Market Theorist sees a $100 lying on the ground, and passes it by saying "If that existed, someone else would have picked it up by now!".
Milton Friedman, in the apocryphal story. And back in my days it was $20 :-)
An Efficient Market Theorist sees a $100 lying on the ground, and passes it by saying "If that existed, someone else would have picked it up by now!".